GARCON! Bring me my wine! No service. I guess I'll serve myself.

Nice day for bears. Feels like there is a glitch in the matrix. INTC is getting crushed in the afterlife, down over 10%, over $3 to $19.50 from a close of 22.69. That might help the cause manana.

NDX AH: down 36+

No one's done it, so I will.

First time for everything.

INTC choked up a hairball after the close.

<Chuckle>

Crap.
I didn't see this opening of M2M.
Any of you in an administrative position to delete duplicative threads.
By my last count, there were three M2Ms going.

LOLOL

I'm starting to see a recuring theme.....

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GTFO now

i'm serious

I'm out....in fact I'm short...

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Gotta love it, we all tripped over the INTC story

$19.44 now.

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I have a mega-cap page on my streamer w/35 or so biggies, and only FRE and TLT are green. Intel now down 14.4%. A lot damage being done. K-wave did say we could go ahead and crash it even though he'd be gone.

Fixed.

I almost feel bad about the party starting without K-Wave.....But then I remember him saying his account was up over 1000% over the last year ....and then I didn't feel so bad

You da man!

Maybe he's found a 6 screen DSL workstation in the jungles of Costa Rica.

Or taking delivery on some banana futures.

Closed 1/2 my SPX puts at the close. Looks like the remaining ones will be happy campers tomorrow.

I really wish puts could talk. I want the name, face and anus diameter of all those guys who took my money in 2004-6.

Payback time ....

USS Tech


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Krudlow must be sharing his crack pipe with dufus's on Crapvision. Emergency Rate cut, rate cut , cut gimme a C gimme a U gimme a T. When the tech hits the fan in da morning and then when the CPI shows the depth of this fiasco, and b-52 ben jumps out without a chute, then they will really have sumthin to think about.

I dong some NQ at 1867.25...
I think the magic hand will lift it over night. Looking for 5-10 points.

FSLR below 200...

It'll be a buy some time in the future...maybe when it's 10 cents on the dollar again?

Bloomberg is to interview David Tice .

He is up 23% so far this year.

He expects the markets to fall another 50 to 60%.

Sounds about right..

Thought about nibbling on Micron (MU) but then I thought I'd wait until June/July time frame.....just thinking....wouldn't be prudent.....

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Dang - I missed it. I shorted this one so many times and have made a couple thousand bucks on it but missed the big move as I was too cautious with it because I did not want to get caught on one of those violent short squeezes. Well, maybe I'll get an opportunity to get in tomorrow.

Did the futures manage to repair any of the INTC-related after hours damage?

Here is some more bullish news for the privileged elite!

http://news.yahoo.com/s/ap/20080115/ap_on_re_us/baby_boomlet



Experts believe there is a mix of reasons: a decline in contraceptive use, a drop in access to abortion, poor education and poverty.

Wow, hadn't looked at this one in a while, talk about pump and dump

The word out is that Suds is on the loose in the US again.

Now I know why Buffett went long Gillette! If that's the back, I hate to see the front!

Wahahaha! Lou "The Dopser" Dobbs just on CNN. They call the subprime fiasco now "War on the middle class"

I love such stuff!

INTC should hire you.

Oh, he's not THAT hairy...

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Let's see....10 cents on the dollar...maybe around $4...

I'm just getting ready for Valentine's Day next month.

AMD.... LOL... I actually donged it for a bit about a month ago.... it made the hair on my back stand up

I mentioned FED a few weeks ago and they still have a bunch of meat left on them...even after having to quadruple loss-reserves today. Their NPA's are increasing double digits every three weeks.

Best of all...Citadel hedge fund just took a 6%+ stake in it. They've done a real job on BZH the last two months...just beat the tar out of 'em. (of course the collapse of housing hasn't hurt either, hehehe)

from the IndyMac layoff notice to employee's:

http://www.theimbreport.com/

" Frankly, given the fact that Indymac’s previous core business … non-GSE mortgage banking … is currently gone, and we have had to “turn our business on a dime” in converting to a GSE lending model … and given the present state of the US housing and mortgage industries and the global financial markets … I think that even the prospect of returning to profitability this year provides solid evidence that we can successfully manage our way through this very challenging period and then begin to rebuild shareholder value. "

All the remaining lenders want to chase the same shrinking SFH RE market. CFC, BAC combo sounds much worse in this environment. I don't know what you tell your shareholders in this situation so my guess is that the top mgt folks are busy arranging for their exit bonus and pumping stock options. Most of these companies are thinking that the higher GSE limits will save the JUMBO market . What they don't get is that the GSE's don't offer, no-doc, non-appraised, high DTI , IO and other nonsense loans. Sales velocity will remain pretty much the same even with higher GSE limits.

Yup.

The responsible practices that preceded the mania can no more revive the mania than they could create the mania.

Ergo, the mania is dead.

Long live foreclosure!

VIX at 24... ??

I bought a small amount of SDS on the close. How many times can Da Boyz run the same play?

The Nickme is having a little sinker.

^N225 Nikkei 225 13,617.18 7:24PM ET 355.45 (2.54% clolor should be RED

equity p/c 1.05 today

extreme

bonds have not broken down

Intel's numbers were not so bad

15-yr FIXED mrotgouge below 5%

(bankrate.com)

gold is about 30 bucks off its high already

that was quick

almost ready to buy the dip........

Intels numbers were not so bad.

agreed.

But that is ancient history.

The future looks very,very bleak.

I am as bearish as ever.

Usually means we are close to a significant rally.

The UK property market is heading south at warp speed.

The rest of Europe and OZ can't be too far behind.

People in OZ trying to sell businesses for a buck just to stop the bleeding.

No different to homemoaners in the US.

UK house prices fall at fastest rate since 1992

British house prices fell in December at their fastest rate since the recession of the early 1990s, a survey showed on Wednesday, raising fears the country's once buoyant housing market is heading for a sharp downturn.

The Royal Institution of Chartered Surveyors' house price balance fell to -49.1 in December, its lowest since November 1992, from -40.6 in November.

The consensus was for a more modest drop to -45.0 and the fall marked the fifth consecutive month of easing prices.

http://business.theage.com.au/uk-house-pri...80116-1m9p.html

Some of the comments regarding Steve Jobs and Apple at the MacWorld today from the SF Chronicle:

http://www.sfgate.com/cgi-bin/article/comm...H7UF7TF.DTL&o=5

"So you can download a movie for 24 hours? Ridiculous. No burner? Of course its thinner because they take out so much of the hardware. How impressive is that? If your not a pretentious business man, this isnt' for you. And wow the price is ridiculous. Apple has had some good products but a long history of some bad ones that failed miserably (Apple Cube, Rokr phone, 20th anniversary Apple Computer, Hi Fi IPOD speakers, Apple Pippin, and many others. Some say the IPHONE eventually will meet that note but time will tell. I think Apple has some nice products but after going to the Mac show, Clay Aikens would be the James Dean in this crowd. They absolutely over react to everything that is said. I think microsoft and Apple people need to open their minds more to each company that has good products, and bad."

Consumer tech product cycle is getting old faster and faster!

Faithful Speakeasy waits patiently for Shorty's brainstorm to finish and learn what happens next.
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The experts keep making the same mistake of comparing todays recession with the early 90s recession by saying that interest rates are much lower today.

But the debts are so much higher and everyone is leveraged to the hilt on way overvalued real estate.

Not to mention small business.

Leases,wages,costs are thru the roof.

Citi divvy still 32 cents per quarter, not bad

$1.28 / $26.94 = 4.75% per year